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event of lo~s or damage of any kind whatever to any, item of equipment, lesaee at the option of lessor
shall: (a) place the same in good repair, condition and working order; or (b) replace the asme witfi like
equiprnent in good repair, condition and working o~ecle~r. L~e~see further agrees ta maintain Sre insurance
with extended coverage provisions to the full insurable value of the equipment during the term of this
lease or any extension hereof. Said insurance sh$11 be written in a Company gatiafactorq to lessor~ said
Company ta be licensed in State in which equipment is located, and the lessar shall be therein nam~ed as
the loss payee. The policy of insurance shall be at the sole cost and expense of lessee ; it shall be depo~ited
with the lesaor during the term of this lease and shall contain an endorsement that ±he insarance cover-
age shall not be cancell~ci without 30 daya prior notice to lessor.
9. Surrender: Upon the expiration or earlier termination of this lease, lessee shall return to lessor the equip-
ment in good repair, condition ar working order, ordinary ~ear and tear resulting from proper use thereof
alone excepted, by delivering it, packed and ready for shipment, to ~uch place or carrier as lessor may
specify within the city or county designated in paragraph 3 abo~•e.
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16. Taxes: Lessee ahatl keep the equipment free snd clear of all levies, liens and encumbrances and sf~all par
. all license fees, registration fees, assessments, charges and taxea (Municipal, State and Federal) includ-
ing but not limited to ad ~alorem taxes, which may now or hereafter be imposed upon the ownership,
leasing, renting, sale, possession or uae of ec~t~ipment. I:~essor shall have; at itiq election; the right to pay
any of said obligations, and in that event`: the cost thereof shall be repayable •to lesser with the next
installment of rent and failure to repay the same shall carr,v R:ith it the s~me consequences, including
interest ~t six ~er cent (6~ ) per annum, as failure to p~y 1n ins±allment of rent.
1:. In~tallation: Lessee shall pay all costs of installation, incluc3in~ drarage from nearest transportation
terminal, unless otherwise specifically set forth in RTiting and signed by both lesgee's and l~ssor's repre-
g~ntative at time lessee signs lease. Such an agreetxient to be attached to and become a part of this agree-
ment. Under no circumstances dces lessor agree to pa~ the cost ef electrical ~~iring or plumbinb in con-
nection with the installation of the equipment co~ ered by this a~,?reement.
12. Warranties: Lescee ackno«-ledges that lessor has made no representations and that there are no ~~arran-
ties, either expressed or implied, escept written warranties provided by lessor, as to any matter whatso-
ever including, but not limited to, the condition of the equipment, its merchantability or fitness for an}•
particular pur~ose. • '
13. Indemnity. Lessee shall indemnif5• less~r against, and hold lessor harmless from any a<<,~ all claims,
actions, suits, proceedings, costs, expensas, damages and liabilities, including attorney's f~ee~a, arising out
of, connected ~-ith or resulting from the equipment, including without limitation the manufacture, selec-
tion, deli~~ery, possession, use, operation, or return of the e~ui~ment.
14. I3efaalt : If le~see with regard to any item ar items of equipment fails to pay any rent or other amount
herein provided ~vithin ten (10) days after the same is due and payable, ar if lessee with regard to any~
item or items of equipment fails to abaerve, keep or perform an3 other provision of this lease requirec3
to be observed, kept or performed by le3see, le~s~r shaU hare the right to esercise any one or rnore of the
follow ing remedies :
(a) To declare ~he entire amount af rent hereunder immediately~ due and payable as to any or all item3
of equipment, without notice or demand to leasee.
(b) To sue for and recover all rents, and other payments, then accrued or thereafter accruing, with re-
spect to any or all items of equipment.
(c) To take posaeaaion ot ~nv or all items Qf equipment K•ithout demand or notice, wherever same may
be lacated, ~:~i±hout any court order or other process of law. Lessee hereby waives any and ail dam-
ages occasioi~ed by such takin~r of possesai~n. Any said taking of pogsessian ahall not canstitute a
termination of this lease as to ~ny or all items of equipment unless les~or expressl~~ so notifies lessee
in writing.
(d) To terminate this lea~e as to any or aIl ite:ns of equ.iprnent.
(e) To pursue any other remedy at law or in equity.
Notwithstanding any said repossession, or any other action tivhich le9sor may~ take le~ee shatl be and re-
main liable for the full performance o: all obligations on the part c?f !esgee to be performed under this
lease.
All such remedie~ are cumulative, an`• ma;• be eserciged concurrently or separately. ~'4'ai~•er of an}• defauit
shall not ~~•aive an5~ other default.
15. Bankraptcy: ~either this lease nor anti• interest therein is assigna}~ie or transferable bv operatiun of la~•.
If any proceeding under the Bankruptcv Act, as amended, is commenced ~y or against the lessee, or if
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